Reids personal residence is condemned on September 12, 2017, as part of a plan to add two lanes to the existing highway. His adjusted basis is $210,000. He receives condemnation proceeds of $237,250 on September 30, 2017. He purchases another personal residence for $226,250 on October 15, 2017. What are Reids realized and recognized gain or loss? (If no gain or loss is recognized, select "No gain/loss".)